A new support plan aims to include a second stimulus check that could put more money in your pocket. President Donald Trump is pushing for another $1,200 stimulus check this year, but a change in the eligibility rules could have a big impact on your final payment. What we know so far.
The latest White House proposal for a $1.8 billion economic stimulus package should be familiar to those who received the first stimulus check earlier this year, but it has a big difference.
The Trump administration’s plan aims to include a second stimulus check that could give you more money in your pocket. But the latest proposal would also have the Internal Revenue Service (IRS) review an eligibility requirement that could have a big impact on the size of your check.
How would it affect?
The change in the new support project would set aside more money for the dependent children who received the first stimulus check. This announcement could mean a higher payment for families in general, so it wouldn’t change much for people without dependents.
Regardless of the stimulus negotiations that have taken place between the White House and the Democrats, change remains important. The change in stimulus allocation in this regard may well appear in a final bill, rather than just an idea to allocate a different amount of money to dependents, not just minors.
The eligibility rules for stimulus control have several requirements and exceptions. They start with your tax-adjusted gross income, but can differ from person to person depending on whether you are or have a dependent, an adult, an older adult, or a retiree.
Also, the requirements to qualify for a second stimulus check may be based on whether you are on the Social Security Disability Insurance Program, SSDI, and whether you are a citizen living abroad or a citizen of a U.S. territory.
During the first delivery of stimulus checks, the IRS and the Treasury Department sent more than 160 million of those payments through direct deposit or by mail in the following months.
While talks on Capitol Hill may return to deliver another stimulus package, a second round of $1,200 checks still seems a remote possibility for hundreds of Americans.